Samsung Electronics
Samsung Electronics Co., Ltd. is a South Korean multinational major appliance and consumer electronics corporation headquartered in Yeongtong-gu, Suwon, South Korea. It is currently the pinnacle of the Samsung chaebol, accounting for 70% of the group's revenue in 2012.
Some of the key events about Samsung Electronics
- 1969Founded as Samsung Electric Industries, focusing on electronics and home appliances
- 1974Produced its first black-and-white television set
- 1983Developed its first personal computer, the SPC-1000
- 1988Merged with Samsung Semiconductor & Communications to form Samsung Electronics
- 1992Developed the world's first 64MB DRAM chip
- 1995Created its first LCD screen
- 1995Accused of destroying evidence related to a lawsuit over defective DRAM chips
- 1999Introduced the world's first MP3 mobile phone
- 2005Surpassed Sony to become the world's largest television manufacturer
- 2005Fined $300 million for participating in an illegal DRAM price-fixing scheme
- 2007Raided by European Union antitrust regulators over allegations of anticompetitive behavior
- 2010Launched the Galaxy S smartphone series, which became a major competitor to Apple's iPhone
- 2011Sued by Apple for patent infringement, leading to a long legal battle
- 2012Ordered to pay $1.05 billion in damages to Apple for patent infringement
- 2013Fined by Taiwan's Fair Trade Commission for paying bloggers to post negative comments about competitors
- 2014Accused of using child labor in its supply chain by China Labor Watch
- 2016Forced to recall Galaxy Note 7 smartphones due to battery explosions
- 2017Became the world's largest semiconductor chip maker by revenue
- 2017Vice chairman sentenced to five years in prison for bribery and other charges
- 2019Fined $47 million by Dutch court for price-fixing in the TV market
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